Putting Nevada in Perspective: State and Local Government Budgets in Recession and Recovery

Authors

Tracy M. Gordon, Brookings Institution

Document Type

Lecture

Publication Date

9-19-2012

Publisher

Brookings Mountain West

Abstract

Nevada, the state most affected by the Great Recession of 2008, faced one of the nation's worst state budget shortfalls in 2011. This presentation examines state budget drivers, including constitutional requirements, tax and spending limitations, federal statutes, demographics, and the resulting policy choices to evaluate how state-level decisions affect local jurisdictions that continue to cope with lower property values, foreclosures, and high unemployment. It will also discuss longer term challenges including rising health care costs and retiree pensions as well as issues surrounding implementation of the Affordable Care Act.

Keywords

Expenditures; Public; Finance; Public; Global Financial Crisis; 2008-2009; Local budgets; Local finance; Local taxation; Nevada; Recessions

Disciplines

Economic Policy | Public Affairs, Public Policy and Public Administration | State and Local Government Law | Tax Law

File Format

pdf

File Size

1.829 KB

Streaming Media

Language

English

Comments

5:30 p.m., Auditorium (first floor), Greenspun Hall, UNLV Campus

Attached file: 29 PowerPoint slides

Video File size: 142 megabytes

Repository Citation

Gordon, T. M. (2012). Putting Nevada in Perspective: State and Local Government Budgets in Recession and Recovery.
Available at: https://digitalscholarship.unlv.edu/brookings_lectures_events/40